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Re: CSLA Analyst contends
Ericson should concentrate on Profit not Growth
Unfortunately it does not sound cheery. However, I am
totally playing this from a contrarian point of view. I plan to
continue adding to the NOK position. We have to remember that
even though Wireless revenue is set to decline, NOK is undervalued
and as the company restructures and is able to get the synergies
right, the stock should march forward towards the $8 to $9 within
the next 18 months, IMO. Then when 5G starts deployments
around the 2018 timeframe in the US and Europe revenues for NOK
should swell dramatically and its stock should break above the $11
mark. I may be frustrated with the short term valuation the
market is assigning to NOK, but I remain
very positive and bullish on the "unlocked value" story here.
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